Media
The pay of media regulator Ofcom's entire staff has been frozen for 2009-10, it was announced today.
Members of the regulator's executive committee have also agreed to waive consideration for bonuses.
"Ofcom’s Remuneration Committee took into account the negative rate of inflation, the pressure on public finances and the economic circumstances of the many companies within the communications sector where similar action on pay has been taken," the regulator said in a statement. "The Committee wanted to ensure that Ofcom reflected the circumstances of the companies and taxpayers who pay for the organisation and took full account of the widespread financial pressures they face."
Ofcom said that the resulting savings "will be returned to the taxpayer and to stakeholder companies".
Members of the regulator's executive committee have also agreed to waive consideration for bonuses.
"Ofcom’s Remuneration Committee took into account the negative rate of inflation, the pressure on public finances and the economic circumstances of the many companies within the communications sector where similar action on pay has been taken," the regulator said in a statement. "The Committee wanted to ensure that Ofcom reflected the circumstances of the companies and taxpayers who pay for the organisation and took full account of the widespread financial pressures they face."
Ofcom said that the resulting savings "will be returned to the taxpayer and to stakeholder companies".
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